Achieving Economic Development in the Era of Globalization by Shalendra D. Sharma

By Shalendra D. Sharma

Challenging assumptions concerning the advantages of particular improvement practices, this ebook offers readers with evaluate of ways competing frameworks have built and the ways in which particular improvement practices mirror particular understandings of the most debates, in addition to supplying a entire ancient review of makes an attempt to accomplish financial development.


  • offers a ancient evaluate of the most debates and the way they've got developed over time
  • undertakes an exam (or really re-evaluation) of the connection among agriculture and poverty alleviation
  • presents an exploration of contemporary foreign improvement negotiations from the point of view of OECD countries.

Drawing at the classes of a few six a long time of improvement studies and illuminating theoretical insights and gathered empirical wisdom, this ebook is a key source for all scholars of improvement reviews and improvement economics.

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Extra info for Achieving Economic Development in the Era of Globalization

Sample text

Since creating the political and social framework conducive to economic growth is often the greatest challenge many countries face, what types of policies and institutions have the most positive and measurable effects on improving governance? As a corollary, what kinds of institutional arrangements are associated with growth and poverty reduction? How best to promote and sustain good governance, especially in the world’s poorest countries? These and related issues are discussed in the following sections.

Chen and Wang (2001) note that China’s inland provinces lag far behind coastal regions – with national poverty rates ranging from 43 percent in Guizhou to negligible levels in the coastal province of Guangdong. Similarly, in India’s poorest states, such as Bihar and Orissa, almost half the population live below the national poverty line, compared with less than 10 percent in the richer states such as the Punjab and Haryana (Deaton 2003; Sharma 2003a). In regions of high inequality such as Latin America and Africa, one can observe significant growth in real incomes while many still remain in absolute poverty.

The general emphasizes “capacity development” which includes both the building of effective states (which can deliver public goods and services to the populace and ensure peace and stability), and an empowered and responsive society which can hold states accountable for their actions. The reports correctly note that poor or inadequate governance may not always be the result of venal or rapacious leadership, but may also be because the state may suffer from weak formal political institutions, and lack the resources and capacity to manage an efficient public administration.

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